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K3 Business Technology Group (K3), a leading enterprise business software company, has released a Financial Ratio Analysis module for use with SYSPRO General Ledger software.
The new module is designed to help monitor and measure financial health for small- and medium-sized businesses (SMB). The Financial Ratio Analysis module incorporates more than a dozen financial metrics, including ratios for efficiency, profitability, business activity and liquidity enabling SMBs to accurately gauge their financial performance.
K3 customers will gain the new functionality automatically as part of the SYSPRO General Ledger solution at no additional cost. K3s proactive approach to adding enhancements for its SYSPRO solutions removes the need of waiting months or even years to install a major release or expensive upgrade.
The new SYSPRO financial capabilities include a comprehensive set of standard ratio/metrics, as well as specific financial health monitoring/analysis capabilities designed especially for the growing number of SMB manufacturing and distribution organisations served by K3. For example, the working capital cycle ratio allows companies to easily monitor daily operating liquidity, while the Du Pont analysis measures the rate of return on equity for stockholders. The library of ratios covers everything from inventory turnover analysis to payables turnover to debt ratios. All ratios are also available via standard reporting as well as through executive dashboards that provide management with instantly accessible reporting and querying capabilities.
The inclusion of financial ratio analysis as an out-of-the-box addition affirms our commitment to delivering value beyond accounting and transaction processing for our SYSPRO financial offering - it adds real business value and vision to ERP, said Howard Joseph, Managing Director, K3 Business Technology Group. "This new solution is extremely useful for top executives as well as for boardroom reporting, real-time performance monitoring, detailed analysis and what-if analysis."
Howard Joseph, continued: The added capabilities of providing business ratios to the general ledger without having to purchase an expensive business intelligence suite will be welcomed by our customers to enhance better decision making.
These new financial capabilities for SYSPRO enable companies to compare operating results with those of specific competitors or the industry as a whole. Managers can identify relative strengths and weaknesses and by comparing changes in a firm's ratios over time can identify opportunities for improvements and cost cutting.
K3s forward thinking approach to adopting new technology for its SYSPRO solutions, such as web services and SOA platforms, also reflects the desires of customers who are driven by business needs and not by the latest headlines. This exemplifies K3s ongoing strategy of helping to simplify the success of its customers.
About K3 Business Technology Group
K3 Business Technology Group employs 90 people at its Manchester head office and its branches throughout the UK and Ireland. The company offers solutions in enterprise resource planning (ERP), customer relationship management, advanced planning and scheduling, warehouse management, human resources and e-business. SYSPRO is used by some 12,000 sites across the world. K3 Business Technology Group is part of K3 Business Technology PLC which is a global leader in providing next-generation enterprise software for businesses in the retail, manufacturing and distribution sectors. With more than 3,000 customer installations in over 30 countries, K3 is recognised as a safe, innovative and reliable provider of world-class solutions, backed by world-class service.